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SYMC

Symantec

$19.36

-0.22 (-1.12%)

05:00
06/17/19
06/17
05:00
06/17/19
05:00

Symantec upgraded to Buy from Neutral at Mizuho

Mizuho analyst Gregg Moskowitz upgraded Symantec to Buy from Neutral and raised his price target for the shares to $23 from $22. While the company's execution has been weak and its competition "remains fierce," the stock's risk/reward has become "too attractive to ignore," Moskowitz tells investors in a research note. The analyst also believes Symantec's new management team will be much more focused on margin improvement, particularly within Enterprise Security. And while the company did announce an 8% headcount restructuring in August 2018, additional headcount cuts are likely going forward, adds Moskowitz. His sum-of-the-parts analysis suggests "healthy" share upside from here.

SYMC Symantec
$19.36

-0.22 (-1.12%)

05/28/19
LEHM
05/28/19
NO CHANGE
Target $80
LEHM
Equal Weight
Zscaler price target raised to $80 from $55 at Barclays
Barclays analyst Saket Kalia raised his price target for Zscaler (ZS) to $80 from $55 while maintaining an Equal Weight rating on the shares. Symantec's (SYMC) Blue Coat "woes" likely elongate Zscaler's growth runway in the web security market, Kalia tells investors in a research note. As a result, the analyst increased his fiscal 2020 billings growth estimate to 39% and 2021 estimate to 33%.
06/11/19
MSCO
06/11/19
DOWNGRADE
Target $14
MSCO
Underweight
Symantec downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Keith Weiss downgraded Symantec to Underweight from Equal Weight and lowered his price target for the shares to $14 from $23.
06/11/19
MSCO
06/11/19
DOWNGRADE
Target $14
MSCO
Underweight
Morgan Stanley sees longer turnaround path for Symantec, cuts to Underweight
As previously reported, Morgan Stanley analyst Keith Weiss downgraded Symantec to Underweight from Equal Weight and lowered his price target for the shares to $14 from $23. His recent survey of Chief Security Officers points to Symantec losing share in endpoint security and web security, which poses risk to its revenue growth guidance, Weiss tells investors. Additionally, the stock's valuation is still above its trough level and he sees room for the multiple to compress given that increased competition and management turnover give Symantec a longer road to recovery, contends Weiss, who keeps his FY20 forecasts below consensus.
06/11/19
06/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Underweight from Neutral at Atlantic Equities with analyst John Heagerty. 2. Symantec (SYMC) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Keith Weiss saying his recent survey of Chief Security Officers points to Symantec losing share in endpoint security and web security, which poses risk to its revenue growth guidance. 3. Shell Midstream (SHLX) downgraded to Underperform from Neutral at Credit Suisse with analyst Spiro Dounis noting that lower than anticipated re-contracted Zydeco pipeline rates result in a more challenged financial outlook that likely requires the Sponsor to remain accommodative. 4. Beyond Meat (BYND) downgraded to Neutral from Overweight at JPMorgan analyst Ken Goldman saying the stock at around $168 "requires assumptions we are not yet comfortable with." 5. Denny's (DENN) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson saying that he remains "constructive" on the company's continued "brand rejuvenation" and refranchising program, modeling earning growth accelerating to 31% in 2020 from the projected 9% this year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,

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MYGN

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$25.36

2.14 (9.22%)

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CSCO

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$46.96

0.73 (1.58%)

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$46.75

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Cisco

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RDS.A

Royal Dutch Shell

$55.55

0.47 (0.85%)

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Royal Dutch Shell

$55.55

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BP

BP

$36.27

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XOM

Exxon Mobil

$68.30

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CVX

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$115.79

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TGT

Target

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1.67 (2.02%)

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Walmart

$112.99

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WMT

Walmart

$112.99

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GO

Grocery Outlet

$46.55

2.81 (6.42%)

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AEO

American Eagle

$15.40

0.63 (4.27%)

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  • 04

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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

, MTCH

Match Group

$84.53

2.08 (2.52%)

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MTCH

Match Group

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IAC

IAC

$249.17

4.21 (1.72%)

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AAPL

Apple

$206.44

4.71 (2.33%)

, HAS

Hasbro

$114.29

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$114.29

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Mattel

$10.74

(0.00%)

AGR

Avangrid

$49.29

0.37 (0.76%)

JPM

JPMorgan

$107.73

2.52 (2.40%)

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

$63.46

2.13 (3.47%)

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NCLH

Norwegian Cruise Line

$50.48

1.38 (2.81%)

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RM

Regional Management

$27.12

0.14 (0.52%)

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  • 13

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RTN

Raytheon

$178.10

-0.42 (-0.24%)

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WEN

Wendy's

$19.94

0.16 (0.81%)

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  • 13

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BRY

Berry Petroleum

$8.59

0.39 (4.76%)

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CSWI

CSW Industrials

$70.20

1.92 (2.81%)

17:52
08/16/19
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CSW Industrials CEO sells 25K shares of common stock »

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OAS

Oasis Petroleum

$3.03

0.135 (4.66%)

17:49
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EE

El Paso Electric

$66.41

0.005 (0.01%)

17:45
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El Paso Electric director Wertheimer sells 25K shares of common stock »

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HON

Honeywell

$165.07

2.81 (1.73%)

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MBRX

Moleculin Biotech

$1.08

0.01 (0.93%)

17:37
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VIVE

Viveve

$0.13

0.0046 (3.59%)

17:35
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PRGO

Perrigo

$46.21

0.535 (1.17%)

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  • 01

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UAL

United Continental

$82.96

1.36 (1.67%)

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MBIO

Mustang Bio

$3.88

0.19 (5.15%)

17:26
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  • 04

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BCLI

BrainStorm

$3.63

0.055 (1.54%)

17:24
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Breaking Syndicate news story on BrainStorm »

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WLK

Westlake Chemical

$61.27

0.66 (1.09%)

17:15
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Westlake Chemical raises quarterly dividend by 5% to 26.25c per share »

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GIG

GigCapital

$10.30

(0.00%)

17:10
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